Swedish Bond Market Dysfunction Draws Central Bank Criticism

Sweden’s corporate debt market isn’t providing investors with the price information they need, according to the country’s central bank.

Things came to a head two months ago, when 35 credit funds shut their doors on investors trying to flee at the height of the Covid-19 crisis. Money has since flowed back into the asset class and spreads have begun to recover. But a root cause of the selloff hasn’t gone away.